To really understand what is special about Bitcoin, we need to understand how it works at a technical level. We’ll address the important questions about Bitcoin, such as:
How does Bitcoin work? What makes Bitcoin different? How secure are your Bitcoins? How anonymous are Bitcoin users? What determines the price of Bitcoins? Can cryptocurrencies be regulated? What might the future hold?
After this course, you’ll know everything you need to be able to separate fact from fiction when reading claims about Bitcoin and other cryptocurrencies. You’ll have the conceptual foundations you need to engineer secure software that interacts with the Bitcoin network. And you’ll be able to integrate ideas from Bitcoin in your own projects.
Arvind Narayanan, Princeton University
Introduction to Crypto and Cryptocurrencies Learn about cryptographic building blocks ("primitives") and reason about their security. Work through how these primitives can be used to construct simple cryptocurrencies.
How Bitcoin Achieves Decentralization Learn Bitcoin's consensus mechanism and reason about its security. Appreciate how security comes from a combination of technical methods and clever incentive engineering.
Mechanics of Bitcoin Learn how the individual components of the Bitcoin protocol make the whole system tick: transactions, script, blocks, and the peer-to-peer network.
How to Store and Use Bitcoins This week we'll explore how using Bitcoins works in practice: different ways of storing Bitcoin keys, security measures, and various types of services that allow you to trade and transact with bitcoins.
Bitcoin Mining We already know that Bitcoin relies crucially on mining. But who are the miners? How did they get into this? How do they operate? What's the business model like for miners? What impact do they have on the environment?
Bitcoin and Anonymity Is Bitcoin anonymous? What does that statement even mean—can we define it rigorously? We'll learn about the various ways to improve Bitcoin's anonymity and privacy and learn about Bitcoin's role in Silk Road and other hidden marketplaces.
Community, Politics, and Regulation We'll look at all the ways that the world of Bitcoin and cryptocurrency technology touches the world of people. We'll discuss the community, politics within Bitcoin and the way that Bitcoin interacts with politics, and law enforcement and regulation issues.
Alternative Mining Puzzles Not everyone is happy about how Bitcoin mining works: its energy consumption and the fact that it requires specialized hardware are major sticking points. This week we'll look at how mining can be re-designed in alternative cryptocurrencies.
Bitcoin as a Platform One of the most exciting things about Bitcoin technology is its potential to support applications other than currency. We'll study several of these and study the properties of Bitcoin that makes this possible.
Altcoins and the Cryptocurrency Ecosystem Hundreds of altcoins, or alternative cryptocurrencies, have been started, either to fix Bitcoin's perceived flaws or to pursue different goals and properties. We'll look at everything that goes into an altcoin and how they interact with Bitcoin.
The Future of Bitcoin? The use of Bitcoin technology for decentralizing property, markets, and so on has been hailed as a recipe for economic and political disruption. We'll look at the technological underpinnings of these proposals and the potential impact on society.
MOOCs stand for Massive Open Online Courses. These arefree online courses from universities around the world (eg. StanfordHarvardMIT) offered to anyone with an internet connection.
How do I register?
To register for a course, click on "Go to Class" button on the course page. This will take you to the providers website where you can register for the course.
How do these MOOCs or free online courses work?
MOOCs are designed for an online audience, teaching primarily through short (5-20 min.) pre recorded video lectures, that you watch on weekly schedule when convenient for you. They also have student discussion forums, homework/assignments, and online quizzes or exams.
Yudhanjaya Wijeratnecompleted this course, spending 4 hours a week on it and found the course difficulty to be medium.
Thorough in content and very well structured, this course takes you from the basics of cryptography to a sweeping overview of how Bitcoin and cyptocurrencies work, their ecosystems, impact, political effects, ramifications, potential and more.
I personally found it an excellent balance of theory and code. Only once did I need to do any research outside the course itself to fully understand something - and that was for merkel trees. While some of the lecturers do not look like they're used to presenting in front of a camera, their content is nevertheless lucid and more.
Some level of CS knowledge is required. I found a basic idea of how P2P networks operate, a basic idea of encryption and some idea of GPU processing to be needed. Note that you do not get a Coursera certificate for this course.
Cleanly separates the different pieces that go into making bitcoin, and explains each of them simply and clearly. Covers not only bitcoin and cryptocurrencies, but also the wider implications and applications of the blockchain to non-currency applications.
Highly recommended for anyone interested in bitcoin or the blockchain.